• Future Finance

  Participated · Equity · Mar 2016

  Future Finance provides tailored loans to UK students to top up government loans and bursaries when they do not cover higher education costs. Led by CEO Alex King, the company is authorised and regulated by the UK Financial Conduct Authority (FRN 719436). The business has funded close to £70 million in loans to date. To support growth, Future Finance closed a new £100m funding facility with Waterfall Asset Management. Prior to this facility the company had raised over €90 million in equity and £150 million in debt. The new debt facility is intended to allow the company to continue growing its student lending business. Future Finance is a private student lender that provides competitive, tailored loans to UK students whose government loans and bursaries are insufficient to cover higher education costs. Led by CEO Alex King, the company is authorized and regulated by the Financial Conduct Authority in the U.K. (Firm Reference Number 719436). It recently closed a €40m Series C round of venture capital financing to support scale-up efforts. The firm has raised nearly €90m in equity and £150m in debt to date. Future Finance plans to use the funding to scale and hire top software engineering and data science/analytics talent across London, Dublin, and Chicago. The Series C was an internal round led by KCK with participation from S-Cubed, Invus, Fenway Summers and other existing shareholders. Future Finance offers tailored loans to undergraduates and postgraduates at universities across the UK, using a proprietary lending platform that factors continuation, employability and earnings into lending decisions. Led by CEO Brian Norton, the company provides financing for tuition fees and living expenses and partners with universities to deploy its product. Since launch in May 2014, Future Finance has lent nearly £25m and partnered with 33 universities across the UK. The company said it will use the new funds for growth and lending capital. The article reports the company has raised £185m in total to date. The business is headquartered in Dublin, Ireland.

• College Ave Student Loans

  Participated · Equity · Jan 2016

  College Ave Student Loans is a fintech lender focused exclusively on private student loans, offering private undergraduate, graduate, and parent loans as well as student loan refinancing. The company uses technology and industry expertise to connect families who need to cover education costs with lenders who can provide funding. It emphasizes simple, clear, and personalized loan products, competitive rates, and a customer-friendly experience from application through repayment. College Ave reports more than $2B in committed loan purchasing power and a customer satisfaction rating of 4.8 out of 5 stars. The company has secured a $65 million credit facility to increase capacity for its private lending business. Management says the new financing will enable it to accelerate growth in private student loan lending and financing. College Ave Student Loans is a next-generation fintech lender and student loan marketplace focused exclusively on private student loans and the in-school market. The company delivers personalized funding options and a customer-friendly experience, serving students at more than 2,500 campuses nationwide and earning a 5-star customer rating. It emphasizes competitive rates and a range of repayment options, using technology and industry expertise to connect families with lenders. Leadership cited rapid, smart growth as a rationale for the recent capital raise. The company plans to use the new capital to fuel growth and expand into new education financing market segments. Joe DePaulo is co-founder, chairman and CEO, and the company positioned itself as the first fintech lender to launch focused on the in-school market. College Ave Student Loans is an online marketplace lender that specializes in private and in-school student loans, founded by former Sallie Mae executives and industry veterans. The company began originating loans in December 2014 and has received more than $1 billion in loan requests since inception. It offers competitive rates, multiple repayment options, and a technology-driven platform aimed at delivering simple, clear, and personalized loan products to students and families. College Ave positions itself as an alternative to traditional lenders and emphasizes customer-friendly experiences from application through repayment. The company is Wilmington, Del.–based and reports more than $1 billion of committed loan purchasing power from multiple sources.

No current team members are available.